(Bloomberg) — Egypt has begun talks over plans to sell electricity to Europe and Africa, pressing its advantage as a producer of cheap renewable energy in a bid to become a regional export hub, the head of its sovereign wealth fund said.The nation, which has a surplus of electricity, sees unspecified “power-hungry” countries to the north as possible customers, according to Chief Executive Officer Ayman Soliman. Egypt could supply Europe via a planned sub-sea cable to Cyprus and Greece.“We are in talks with European infrastructure investors, advisers and energy traders to assess the viability and appetite,” Soliman said in an …read more
Source:: Yahoo Finance
